The etf owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and HY120 18 are completely uncorrelated. Although it is extremely important to respect HY120-18
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way of determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By examining HY120-18 technical indicators
you can right now evaluate if the expected return of 0.0% will be sustainable into the future.
HY120-18 Relative Risk vs. Return Landscape
If you would invest 99,200
in HY120-18 on September 23, 2018
and sell it today you would earn a total of 0.00
from holding HY120-18 or generate 0.0%
return on investment over 30
days. HY120-18 is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than HY120-18 and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
HY120 18 Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average HY120 18 is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HY120 18
by adding it to a well-diversified
Over the last 30 days HY120-18 has generated negative risk-adjusted returns adding no value to investors with long positions.
|HY120-18 is not yet fully synchronised with the market data|
|HY120-18 generates negative expected return over the last 30 days|
|HY120-18 has some characteristics of a very speculative penny stock|